GMEX Introducing New Products for Future Contract Trading

(I-Newswire) September 10, 2010 - GENEVA: The Geneva Mercantile Exchange - GMEX (swissgmex.com) is all set to introduce four new products for future contract trading, chairman GMEX David Souquet said Saturday.

“The private sector entity in future contract trading is already attracting investment in its more than nine commodity index within”, he said. “Presently, the GMEX Commodity Index based on the composition of five commodities is available for trading at GMEX covering platinum, gold, silver, copper and crude oil”, he added.

In the period of next coming term, future trading of natural gas, and heating oil on the floor of GMEX will be resumed and it will attract local as well as foreign investment in big way, he added. As of now, GMEX have crossed CHF 25 million future contract trading level on daily basis which also touched CHF billion level. The gold trading volumes in the last six months have been increased by 5 percent and their contribution stands at around 80 percent in the total trading volumes.

“Future trading in heating oil was a step forward to control the commodity price within the common man’s reach,” said David Souquet. The commodity index is an equally weighted price index that represents price movements of a portfolio of physical commodities listed on GMEX, he added.

The commodity futures offer insurance against the periods of unanticipated inflation besides it would keep the participants aware of happenings in the commodities world as it now increasingly affects all other areas of economic activity. Disappointing performance of the bourses in the country, the individual investors and investment companies taking interest at GMEX, he added.

“GMEX is a transparent and trustworthy platform to trade on because of its modern risk management techniques such as pre-trade risk check in real-time,” David Souquet said.

There is an increasing awareness among investors globally and domestically that commodities are now a significant and investible asset class. Commodities as an asset class is now equal in importance to other traditional markets like stocks, bonds and currencies. The current shift in global economies has placed commodities at the center stage in terms of world growth. The yellow metal was within sight of the next target of $1,300 an ounce on the back of greater demand in the next coming months on the occasion of international festivals.

About GENEVA MERCANTILE EXCHANGE:
When GMEX was created in 1995, its vision was to make the FOREX, futures and options markets available not only to institutional investors but also to the smaller private investor. A vision which became true in 1997 when we started our on-line Foreign Exchange commercial platform.

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GENEVA MERCANTILE EXCHANGE
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1204
Phone : 022 331 41 99